The Price of Bitcoin Surpassed $28,000 on Major Exchange.
The world's largest cryptocurrency exchange, Binance, is dealing with an SEC lawsuit. The major exchange was sued by the U.S. Securities and Exchange Commission (SEC) on Monday. As news of the lawsuit spread, Binance users wasted no time in withdrawing their cryptocurrencies from the exchange, causing a significant shift in the crypto market. Adding to the chaos, the price of Bitcoin on Binance US started diverging from other exchanges late last night. This created more confusion and uncertainty among investors.
